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295 Lafayette Street

Updated Oct 14, 2026

LEASEDRetail

Gentle Monster Leases 28,500 Square Feet At Kushner Companies' Puck Building In Soho

295 Lafayette Street

Building Size

28,500 SF

Asset Type

Retail

Closing

Oct 13, 2026

About this deal

AI

The property involved in this transaction is a retail space located at 295 Lafayette Street, in the Soho market of Manhattan. The asset has a total square footage of 28,500 and is situated within Kushner Companies' Puck Building, where part of REI’s former flagship space was taken over.

Summary of transaction details:

This lease marks a significant move for the South Korean luxury eyewear brand Gentle Monster, as it expands into a prime retail location within Manhattan. The negotiation involved key representatives from both the landlord and tenant side, facilitating the agreement and transition into the space.

On the Map

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Retail

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Players

Richard Skulnik

Ripco

Broker

$3.5M

vol

27 deals

Broker
Laurent Morali

Laurent Morali

Kushner Companies

Landlord

$2.5B

vol

19 deals

Landlord

Hankook Kim

Gentle Monster

Tenant

1 deal

Tenant
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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